Chase and MasterCard

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
CC Deville
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Postby CC Deville » Fri Nov 15, 2013 4:00 pm

Sevenfeet wrote:It's not that Mastercards have just vanished. But Chase is one of the biggest card lenders (if not THE biggest) and having them going exclusively with Visa is a big deal.


Yeah, they are the biggest. It's just strange that they are completely doing away with them. Back in the day, Wells Fargo issued MasterCard's but switched to Visa...grandfathered customers to this day still have their Wells Fargo MasterCard's. Starting in 1999 and until recently, Citibank switched to MasterCard but Visa customers got to keep their Visa's. So it is interesting that Chase is going through and changing their MasterCard's to Visa's on existing customers.

I know that Visa likes to offer discounts to issuers that agree to only issue Visa so that is probably what happened.


Sevenfeet
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Postby Sevenfeet » Fri Nov 15, 2013 5:27 pm

CC Deville wrote:
I know that Visa likes to offer discounts to issuers that agree to only issue Visa so that is probably what happened.


I'm sure from an IT perspective that it's a lot cheaper to just have to process most transactions through a single network. And I'm sure that Visa is making it worth their while too. It's probably a relationship with a specific contract length...we'll see how well their customers like it.
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

OperaGhost
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Postby OperaGhost » Sat Nov 16, 2013 10:06 am

USAA is not exclusively MasterCard. They have started introducing several Visa products.

RewardHop
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Postby RewardHop » Mon Nov 18, 2013 12:14 am

djrez4 wrote:Sorry - you're correct. Barclay does issue some Visas. Out of 34 cards issued, 12 are Visa and one is Amex.

I think the point remains valid.


Whats interesting is when I PC'ed from the Barclays NFL Visa sig to their Barclaycard Rewards card, I got the Visa signature version instead of the Mastercard version (which is plastered on their web site)

Its odd how they make the decision to keep my card a Visa sig when the card is practically called the "Barclaycard Rewards MasterCard Credit Card". Even weirder is when I login to my account, it shows the MasterCard version.
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

Dylan1982
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Postby Dylan1982 » Mon Nov 18, 2013 2:22 am

Is there an advantage of MC over Visa?
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

takeshi
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Postby takeshi » Mon Nov 18, 2013 7:57 am

OperaGhost wrote:USAA is not exclusively MasterCard. They have started introducing several Visa products.

USAA has had at least one Visa for a number of years.

Sevenfeet
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Postby Sevenfeet » Mon Nov 18, 2013 10:18 am

Dylan1982 wrote:Is there an advantage of MC over Visa?


Not from a practical everyday usage standpoint. There are occasionally some exclusives in which you can only use a Mastercard at a particular establishment or event. As for the upper tier stuff, Visa Signature is very popular among card seekers around here for the extra benefits, which seem to exceed what World Mastercard is doing. Higher than that, World Elite Mastercards are pretty rare birds and not many people have them.

Visa Signature Preferred are pretty rare too, mainly because they don't seem to be offered by Chase or any of the other major card lenders. They differ from the normal Signature cards by price protection and travel insurance. Here in the south, Regions Bank carries them.
Cards:

American Express Platinum (NPSL)

Penfed Platinum Reward Visa ($28K)

Chase Freedom Visa ($25K)

Fidelity American Express ($20K)

American Express Blue Cash Preferred ($20K)

Bank of America Cash Rewards MasterCard ($20K)

Citi Thank You Preferred Visa ($9.5K)

Chase Sapphire Preferred ($7.5K)

US Bank Cash + Visa Signature ($7K)

Discover IT ($4K)

dickey1331
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Postby dickey1331 » Mon Nov 18, 2013 5:46 pm

takeshi wrote:USAA has had at least one Visa for a number of years.


They have an AMEX too.
Platinum Delta Skymiles $12,900
Marriott Rewards Premier $12,000
Discover IT $12,000
USAA Cash Rewards $11,000
American Express Blue Cash Preferred $10,000
Chase Sapphire Preferred $6,500
Best Buy $6,000
Chase Freedom $4,500
Zales $4,000
Amazon Prime $4,000

PhoenixDown
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Location: NYC

Postby PhoenixDown » Sun Nov 24, 2013 8:28 pm

I was looking around the Citibank website today and they have 5 versions of the AAdavantage cards (3 MC, 1 Visa and 1 Amex). Their are some differences between them as tiers and AF's go but it's too many cards. And that's just for AAdavantage lineup so I can see why banks are trying to simplify their portfolio.

That said, it would be nice to see Mastercard (and citi too for that matter) step it up with more enticing options that can compete better with Visa (and Amex).

sosocredit
 
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Postby sosocredit » Thu Nov 28, 2013 11:03 am

anyone have a copy of the Chase Palladium app? Please post, email or pm me. Happy Turkey day!



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